Personal Property, Machinery, and Equipment Federal Appraisal is a multi-discipline appraisal group. Unlike most real estate appraisal groups, Federal Appraisal maintains staff who are fully qualified and designated as personal property, machinery and equipment, and fixtures and furnishings appraisers. We can provide general commercial and/or complex industrial personal property appraisals for any client purpose and use, including litigation, tax reporting, investor reporting, acquisition or disposition due diligence, feasibility, or financing. Our designated personal property appraisers regularly testify to their personal property appraisals. Our senior personal property appraisers have earned ASA designations.